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1-bed · 827 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

209, Ritz Residence

Sold prices and rental history: sold once, by the developer in June 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 209 · DLD and Ejari recordsUpdated 25 March 2024
Last soldAED 360K14 June 2023
Current rentAED 34K /yr25 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 209, Ritz Residence

What is 209 worth today?

Last sold for AED 360,000 in 2023

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25 Mar 2024RentedRenewal
AED 34,000/yr12 months · AED 41 per sqft
14 Jun 2023Sold by developerReady
AED 360,000AED 435 per sqft
25 Mar 2023RentedNew contract
AED 32,000/yr12 months · AED 39 per sqft
1 Feb 2023RentedNew contract
AED 35,000/yr12 months · AED 42 per sqft
1 Dec 2021RentedRenewal
AED 30,000/yr14 months · AED 36 per sqft
1 Oct 2020RentedNew contract
AED 30,000/yr14 months · AED 36 per sqft
1 Mar 2020RentedNew contract
AED 30,000/yr12 months · AED 36 per sqft
19 Apr 2015RentedNew contract
AED 35,294/yr6 months · AED 43 per sqft

Source: Dubai Land Department. Updated 25 March 2024.

Key facts

Type
1-bed apartment
Size
827 sqft
Floor
2nd of 7
Parking
B2-34
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,800 /yr
Last sold
AED 360K · June 2023
Building
Ritz Residence

About 209, Ritz Residence

209 is a one-bedroom apartment of 827 sqft on the 2nd floor of Ritz Residence, a 7-storey tower in International City Phase 2 & 3 completed in 2009 by Alwifaq Investment Properties. The developer sold it on 14 June 2023 for AED 360,000, or AED 435 per sqft, 6% below the AED 465 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 25 March 2024, is AED 34,000 a year: a gross yield of 9.4% on the 2023 price, before the service charge of about AED 11,800 a year.

Sales and rents for 209 over time

Sales
Unit 209, each saleTypical one-bed in Ritz Residence
400K600K20112015201920232027Typical sale price by year: 2011 AED 630,000; 2012 AED 647,500; 2013 AED 400,000; 2014 AED 615,000; 2015 AED 620,000; 2016 AED 620,000; 2018 AED 332,500; 2021 AED 383,000; 2022 AED 365,000; 2023 AED 370,000; 2024 AED 447,000; 2025 AED 552,500; 2026 AED 675,000Sold by developer, June 2023: AED 360,000 (AED 435 per sqft)

209 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 209, each contractTypical one-bed in Ritz Residence
30K40K50K2012201620202024Typical rent by year: 2012 AED 32,000; 2013 AED 35,000; 2014 AED 39,779; 2015 AED 43,500; 2016 AED 49,862; 2017 AED 48,000; 2018 AED 45,000; 2019 AED 40,000; 2020 AED 32,500; 2021 AED 30,000; 2022 AED 32,000; 2023 AED 34,825; 2024 AED 40,000; 2025 AED 45,000; 2026 AED 50,000New contract, April 2015: AED 35,294 a yearNew contract, March 2020: AED 30,000 a yearNew contract, October 2020: AED 30,000 a yearRenewal, December 2021: AED 30,000 a yearNew contract, February 2023: AED 35,000 a yearNew contract, March 2023: AED 32,000 a yearRenewal, March 2024: AED 34,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Ritz Residence, and where 209 sits

All 75 1-beds →

209 last sold in June 2023 at AED 435 per sqft, 6% below what one-beds in Ritz Residence were fetching at the time (AED 465). Over the last 12 months one-beds sold for AED 330,000 to 700,000, around AED 838 per sqft, and rent for AED 25,000 to 63,000 a year. 209's AED 34,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Aug 2026680,000
18 Jun 2026700,000
15 May 2026670,000
13 May 2026330,000
7 1-bed sales in the last 12 months

Ritz Residence

Building

150 apartments, studios to 1-bed over 7 floors in International City Phase 2 & 3, completed in 2009 by Alwifaq Investment Properties. 10 sold in the last 12 months.

Typical price per sqft
AED 833 Up 26.2%
Typical sale
AED 565K
Typical rent
AED 40K /yr
Typical yield
8.3%
Ritz Residence, International City Phase 2 & 3: prices, sales and rents →

Other units on the 2nd floor

All 150 units in Ritz Residence
Value
2011-bedAED 400K · Oct 2024
202StudioAED 370K · Dec 2011
203StudioAED 350K · Apr 2024
204StudioAED 295K · Jan 2024
205StudioAED 320K · Nov 2023
206StudioAED 233K · Oct 2012
207StudioAED 223K · Sep 2012
1–7 of 23

209, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 14 June 2023 for AED 360,000, or AED 435 per sqft.
  • Rented since April 2015 on 7 Ejari contracts. The rent fell from AED 35,294 to AED 30,000 in 2021 and recovered to AED 34,000 by March 2024.
  • At AED 34,000 a year the gross yield on the 2023 price is 9.4%, before a service charge of about AED 11,800 a year (AED 14.31 per sqft).
  • One-beds in Ritz Residence sold for AED 330,000–700,000 in the 12 months to November 2026; the building's median across all types is AED 833 per sqft.

Source: Dubai Land Department. Updated 25 March 2024.

Questions about 209, Ritz Residence

What did unit 209 last sell for?

AED 360,000 on 14 June 2023, sold by the developer: AED 435 per sqft for 827 sqft. It is the only registered sale of the unit.

What is the rent for unit 209?

AED 34,000 a year on the contract renewed on 25 March 2024. The previous contract, from March 2023, was AED 32,000; the unit has been rented since April 2015.

How big is unit 209?

827 sqft (76.8 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 209 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ritz Residence sold for AED 330,000 to 700,000 in the last 12 months, around AED 838 per sqft.

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Mortgage on 209, Ritz Residence

Starts from the last sale price (AED 360K, 14 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 360,000
Deposit, UAE resident (20%)
AED 72,000
Deposit, non-resident (40%)
AED 144,000
Monthly over 25 years at 3.7%
AED 1,473

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →